BTCUSDT: Upward vs. Downward - A Crucial move Ahead

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Let's analyze BTCUSDT :
Bitcoin has experienced a significant price correction, falling approximately 16% from its all-time high. However, BTC has demonstrated resilience by holding above the critical weekly support level at $94,700. Currently, BTC is encountering resistance in the range of $98,500 to $99,700. A successful break above this resistance zone could propel BTC towards the next resistance level between $103,000 and $104,000. Conversely, if BTC fails to maintain the $94,700 support, the next support level to watch is between $91,300 and $92,500.

Support Levels:
94.7k

Resistance Level:
98.5k

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